Business Credit

Business Credit is a magazine covering finance, business risk management and provides information for the extension of credit, maintenance of accounts receivable, and cash asset management. It is published 10 times per year by the National Association of Credit Management.Subjects for Business Credit include banking, finance and investments.

Articles from Vol. 96, No. 6, June

1994 CRF Compensation Survey Most Comprehensive Yet
Credit Managers Kept Pace, Some Did Exceptionally Well Credit executives thinking about a career move, wishing to check their salaries against others in similar positions, or hiring new staff, will want to obtain the latest compensation study published...
Are Your Customer's Assets Overstated?
One of the principle procedures in credit analysis is looking at financial statements, evaluating the firm's financial position and results of operations. The credit analyst then draws conclusions about the cash generating ability of the firm to meet...
Banks and the Free Market in the Former Soviet Union
The economical relations between businessmen of the former Soviet Union and the U.S. are developing much slower than the relations between Russia and Western Europe or Japan. Several reasons for this exist. Most American business people are not well...
Credit vs. Sales: What Conflict?
How many times have we as credit managers been in this situation: Sales: Hey, I need this guy (approved, sent on open account, etc.) ASAP! Credit: Okay, let me do a credit check through (industry group or credit report) and I'll give you an answer...
CRF Launches Major Fundraising Campaign
The Credit Research Foundation (CRF) of NACM, now in its 45th year, is launching a major fundraising campaign. As you may recall, last year, in addition to serving as NACM president, I assumed the role of chief operating officer of CRF. While CRF is...
Expedient versus Ethical
Employers expect their credit departments to run effectively and efficiently. Credit managers must achieve goals and objectives, and every employee must have high ethical standards and conduct themselves accordingly. In the real world, ethical problems...
FASB Rule Will Impact Mature and Emerging Companies Differently
Stock options and executive compensation have come under increased scrutiny recently. In June 1993, the Financial Accounting Standards Board (FASB) issued a proposed new accounting standard, Accounting for Stock-based Compensation, that would require...
FASB Stock Compensation Proposal Makes Good Accounting Sense
Much has been written and said about this proposal. Most of the commentary is negative--and much of it is without merit. The proposal actually makes good accounting sense. The most controversial aspect of the Exposure Draft is the proposed requirement...
Flower-Power's New Face
I'll admit that I was skeptical at first...was this more save the world rhetoric? We all know something must be done, but who are the actual somebodies doing it? Anita Roddick, for one, and the employees of The Body Shop, retailers who sell natural skin...
Is Your Credit Department the Next Company Dinosaur?
Almost every day I hear or read about some company that has announced plans to reduce its staff. According to the Bureau of Labor Statistics, thousands upon thousands of non-managerial positions like bookkeeping, accounting, auditing, payroll, billing,...
Lien Master System Default Fields
Last month's Business Credit provided an overview of the Setup Option of Lien Master(TM). This month, we feature another aspect of the program.Lien Master(TM) allows specific modifications to customize processing of forms for the mechanic's lien process....
Managing and Directing the Spirit of Competition
Competition is the cornerstone of capitalism, and therefore a critical element in the success of any business. Through competition, we clarify objectives, increase the quality of products and services, and provide an incentive to enhance productivity...
Measuring Your Long-Term Financial Progress
The measure of true financial wealth is your net worth. This is defined as the market value of all your assets less all debts. Net worth is also called equity. A well-constructed and carefully managed investment program is needed to help you achieve...
New FASB Rule Is Illconceived
At every opportunity, I oppose the destructive politicians who consolidate their entrenched powers by taxing all Americans for the benefit of their narrow constituencies. Nonetheless, these social engIneers at least play a near-zero-sum game: farmers...
Productivity ... Key to the Future in Credit
Rightsizing, downsizing, reengineering, and TQM, all have an effect on productivity. Many of the unemployed focused on their workload and not on the value of the activities that kept them busy. Numerous accountants faced this situation in the early 1980s...
Storm Brews over Stock-Based Compensation Rule: FASB Rule Will Impact Mature and Emerging Companies Differently
Stock options and executive compensation have come under increased scrutiny recently. In June 1993, the Financial Accounting Standards Board (FASB) issued a proposed new accounting standard, Accounting for Stock-based Compensation, that would require...
Storm Brews over Stock-Based Compensation Rule: FASB Stock Compensation Proposal Makes Good Accounting Sense
Much has been written and said about this proposal. Most of the commentary is negative--and much of it is without merit. The proposal actually makes good accounting sense. The most controversial aspect of the Exposure Draft is the proposed requirement...
Storm Brews over Stock-Based Compensation Rule: New FASB Rule Is Illconceived
At every opportunity, I oppose the destructive politicians who consolidate their entrenched powers by taxing all Americans for the benefit of their narrow constituencies. Nonetheless, these social engineers at least play a near-zero-sum game: farmers...
Storm Brews over Stock-Based Compensation Rule: The Physics of Change
Physics teaches us that for every action there is an opposite and equal reaction. This concept may also apply in the realm of executive compensation. In June 1993, FASB published an Exposure Draft which would change the methods under which stock options...
The Physics of Change
Physics teaches us that for every action there is an opposite and equal reaction. This concept may also apply in the realm of executive compensation. In June 1993, FASB published an Exposure Draft which would change the methods under which stock options...
The Statute of Limitations in Bankruptcy Cases: Higher Courts Come to the Rescue
Every credit manager fears bankruptcy preference litigation. In a strange construction of the bankruptcy code, most companies face a greater risk of preference litigation in a Chapter 11 organization case than in a Chapter 7 liquidation proceeding. The...
The Streamlining Act of 1993 May Have Negative Impact
Construction credit managers do not normally rely on outside collection services to collect past-due invoices. Instead, they rely on mechanic's lien statutes and surety bonds for protection when payment is not received as agreed. Federal construction...
What Goes Down, Must Go Up: A Spectrum of Choice in Interest-Rate Management
The dramatic decline in interest rates over the past several years and their recent uptick are proof that financial managers must manage rate risk both on the way up and on the way down. One device we have found to illustrate the ways in which financial...
Your Passport to the Future
The Credit Research Foundation (CRF), chartered in 1949, offers credit professionals a unique opportunity to advance their profession and their careers. As a research foundation member, your involvement can position you on the leading edge of credit...